Egypt Gas’ profits down 9% YoY in 9 months

Updated 11/13/2023 12:53:00 PM
Egypt Gas’ profits down 9% YoY in 9 months

Arab Finance: Egypt Gas (EGAS) has reported a 9.1% year-on-year (YoY) decrease in net profits after tax during the first nine months of 2023, as per a filing on November 13th.

Net profits came in at EGP 138.621 million in the nine-month period, compared to EGP 152.492 million in the corresponding period of 2022.

Meanwhile, revenues dropped to EGP 3.613 billion from EGP 5.096 billion.

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